Tracinda's Kirk Kerkorian, who now has 9.9% of GM, wants more. He's looking to up his ownership to 12%
. Tracinda continues to believe that a strong opportunity exists in a potential alliance between General Motors, Renault and Nissan and that there should be strong General Motors Board involvement in the analysis of such a potential alliance, including the utilization of independent advisors, Tracinda said in its filing.
So regardless of what happens with the proposed GM, Nissan and Renault alliance, Kerkorian must be feeling good about the future of GM...
Maybe, like the weather rodent Punxsutawney Phil, we can use Kerkorian as the barometer of GM's future? Nah...
estreka says:
07:17 PM, 09/30/06
Little more than a gimmick to raise share price. Sure seems to be working though. I wish I had bought stock back in the 1Q.